August 15, 2025 - Quote of the Day
“It’s really dangerous to look for rationality in the market, so much of it is psychology…. Stocks will rotate from flawless to hopeless,” said Howard Marks of Oaktree Capital Management.
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“It’s really dangerous to look for rationality in the market, so much of it is psychology…. Stocks will rotate from flawless to hopeless,” said Howard Marks of Oaktree Capital Management.
I would like to say a big Thank You for presenting such an amazing event, the Mad Hedge Traders & Investment Summit. I really enjoyed it and learned a lot of amazing insights that I never knew were possible. I do not know if you guys have sent out the recorded copies or if these
“You cannot trust bankers to control themselves. They’re like heroin addicts,” said Berkshire Hathaway Vice Chairman, Charlie Munger.
“I looked all over the basement when I was at the White House, and there is no big lever you can throw to make things good again,” said Austin Goolsby, former chairman of the Council of Economic Advisors.
“Life can be understood backwards, but it must be lived forwards,” said Oracle of Omaha Warren Buffet.
“Of course, you never go broke taking a profit, but you never get rich either, because a good portion of what you make goes to taxes,” said legendary value investor Ron Baron.
“Algorithms know everything about price but nothing about value,” said my old investor and mentor Leon Cooperman of Omega Advisors.
“Nine-tenths of tactics were certain enough to be teachable in schools. The irrational tenth was like the kingfisher flashing across the schools,” said TE Lawrence, known as Lawrence of Arabia.
“There is no vaccine for credit losses….bank provisions will be in the trillions,” said bank analyst Chris Whelan.
“It’s hard not to root for America and democracy when you’re part of the system,” said hedge fund manager Brad Gerstner.
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